Somebody might need to tell Joe the Teabagger that his plans for rejecting Federal dollars in favor of the "vast wealth beneath our feet" might be even more ignorant than we all thought.

From CNN:

The U.S. Geological Survey says a revised estimate for the amount of conventional, undiscovered oil in the National Petroleum Reserve in Alaska is a fraction of a previous estimate.

The group estimates about 896 million barrels of such oil are in the reserve, about 90 percent less than a 2002 estimate of 10.6 billion barrels.

The new estimate is mainly due to the incorporation of new data from recent exploration drilling revealing gas occurrence rather than oil in much of the area, the geological survey said.

"These new findings underscore the challenge of predicting whether oil or gas will be found in frontier areas," USGS Director Dr. Marcia McNutt said in a statement. "It is important to re-evaluate the petroleum potential of an area as new data becomes available."

The organization also estimates 8 trillion cubic feet less gas than a 2002 estimate of 61 trillion cubic feet of undiscovered, conventional, non-associated gas -- meaning gas found in discrete accumulations with little to no crude oil in the reservoir.

Whoops!  Don't you just hate in when your poorly researched and fantasy based ideas for moving the state away from the Obama socialist Federal money turns out to be nothing more than an AIP endorsed wet dream?



"There's a hell of a lot less what?"



So Mr. "We don't need no stinking Federal dollars," what's plan B?